https://www.taxtmi.com/news?id=14318 Draft guidelines require NBFCs to adopt a structured framework for outsourcing of financial services, defining outsourcing as use of an affiliated or external third party to perform activities normally undertaken by the NBFC, and emphasising that the decision to outsource remains the NBFC's responsibility; where outsourcing is chosen, NBFCs must put in place safeguards and a code of conduct including vendor due diligence, contractual controls, monitoring and accountability mechanisms. en-us Fri, 10 Apr 2015 18:47:39 +0530 Fri, 10 Apr 2015 18:47:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14318 Draft guidelines require NBFCs to adopt a structured framework for outsourcing of financial services, defining outsourcing as use of an affiliated or external third party to perform activities normally undertaken by the NBFC, and emphasising that the decision to outsource remains the NBFC's responsibility; where outsourcing is chosen, NBFCs must put in place safeguards and a code of conduct including vendor due diligence, contractual controls, monitoring and accountability mechanisms. News - Fri, 10 Apr 2015 18:47:39 +0530 https://www.taxtmi.com/news?id=14318